Buying Rental Property With Existing Tenants -

The most critical legal fact is that . When you close on the sale, you generally inherit all existing lease terms and cannot unilaterally change the rent, evict the tenant, or modify clauses until the current lease expires. Top 3 Advantages

The property is already proven as "rentable," and you save the time and expense of marketing, screening, and paying broker commissions to find new occupants. buying rental property with existing tenants

You get a real-world look at how the property performs and how well the current tenants maintain it. Critical Due Diligence Steps The most critical legal fact is that